Newspaper Archive of
Arkansas Catholic
Litlte Rock, Arkansas
March 15, 1974     Arkansas Catholic
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March 15, 1974
 

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PAGE 6 THE GUARDIAN, MARCH 15, 1974 Archbishop Strecker Speaks Out Asks for Controls on Farm Futures Washington (NC) -- The futures markets in farm products should be made to conform to their original pur- poses or else Congress should seriously consider abolishing them, the president of the National Catholic Rural Life Conference said here. Futures markets are the arm o[ a commodities exchange that buys and sells agricultural COUNTY BANK JOE DOLAN Insurance Agency "MR. INSURANCE" All Lines oflns[rance (501) 842-2431 England, Arl<ansas Member of FDIC t "The Bank That Backs The Community" Hazen, Arkansas I products before they are delivered. Archbiship Ignatius J. Strecker told the House Agriculture Committee that trading in the futures markets "is considered a tool to help the orderly flow of agricultural products through the market system under a more or less stabilized price." But, according to the Kansas City, Kan., archbishop, the futures markets are not serving that purpose. "The exaggerated ups and downs in the com- In Carlisle...TRY FULCHER FIRST! FULCHER HARDWARE Carlisle FARMERS UNION INSURANCES Property Life Farm Liabifity See our local agent or write CITIZENS BANK A Good Bank in a Good Community Member F.D.I.C. Carlisle Arkansas Lewis J. Johnson Manager Phone 565-1548 3320 Mabelvale Pike P.0. Box 4317j Asher Station Little Rock, Ark. 72204 I modity prices, over-reacting to some natural or political development, tend toward disorderly marketing and is disadventageous to producer and consumer alike," Ar- chbishop Strecker said. The NCRLC president urged an independent agency be established to control the futures markets and that "under no condition should the commodity exchanges them- selves he granted the main responsibility for enforcing the laws and regulations to be applied to futures markets, in other words, for policing themselves." More delivery points are needed across the country, especially for grain, the ar- chbishop said. He also urged immediate disclosure of large sales or contracts, especially when exporting is involved, to avoid manipulation of the markets. Traders, he added, should not be allowed to buy or sell for their own accounts or for ac- counts controlled by them. "The time has come for revision and strengthening of the regulations (on futures markets) in order to achieve their primary purpose," Ar- chbishop Strecker said. "If stringent control is impossible, then serious consideration should be given to the abolition of the futures markets," he asserted. Archbishop Strecker suggested forward pricing -- the signing of contracts for a cer- tain price before harvesting -- as an alternative to futures markets. Forward pricing eliminates much of the speculation about market conditions which causes great price fluctuation in futures markets. "The present farm legislation establishes a minimum price on the major commodities," Archbishop Strecker pointed out. "Farmers could work out reasonable cost plus profit contracts with processors and buyers" under a forward pricing system, the archbishop maintained. At a time when terms like "rigging," "cornering," and "squeezing" are common in the grain industry, new regulations are needed on futures markets Carlisle Drug Co. PRESCRIPTIONS PAT COOK Registered Pharmacist Carlisle ArkanMs I ii i i which have tripled their volume in recent years and greatly increased their effect on the economy, Archbishop Strecker said. "Food production is very dependent on the order in the universe and has always been one of the basic and daily necessities of man," the ar- chbishop said. "Disruption of this daily orderly flow of food spells hardship and, if per- mitted over a period of time, means disaster." Pastoral Musings St. Joseph-His Hardships Were a Pleasure THE MOST blessed among men, St. Joseph, remained the most common of men. Despite the great assignment, God placed upon his shoulders, there is no air of grandeur, no sophistication. He was the head of the household where the eternal decrees of God for the salvation of the world, and where the coming of God among us were accomplished. YET, JOSEPH remained a simple, unobtrusive man. When later Christ, his foster son, astonished the people by His preaching and His power, By Msgr. John B. Scheper people would ask in surprise and perhaps scorn, "Is not this the carpenter's son?" JOSEPH committed himself totally into the hands of God, and was always the humble subject of the Creator's design. The ways of God were his ways. He knew the will of the Lord. His task was not easy, but it was his -- so he did it. It is likely that many of us would have questioned or doubted the word of the angel, when he advised Joseph to take Mary into his home. With Joseph - this was God's will. He did not hesitate to flee with Lent Given Rustic Touch Fayetteville -- An eight-inch hand-carved cross of native wood was given to every family and decorated key-chain crosses were given to every person in St. Joseph's parish here the first Sunday in Lent. The crosses were blessed by Father Leo Riedmueller, pastor, at a special devotion where attention was called to a prayer: "Without the Cross, there is no crown. "In the sign of the Cross, we shall conquer. "Without a Good Friday, there is no Easter. "Greater love than this.., to aoook"00E4R Custom Steelguard Radial with 1 Guard against rugh ride-a strngpolyester cord body. 6 6UARD8 TO HELP 2 Guard against penetratin under the tread- double steel belts. Guard against wet skids - four deep grooves to channel water from under the tread. Guard against loss of road contact- special decoupling grooves allowing tread and sidewall to work indepen- dently of each other. Guard against sluggish handling- special stabilizers built into the lower sidewalls to provide positive reaction to changes of direction. PHONE-- PROCTOR rlRE SERVICE, Inc. PROTECT YOU 6 WAYS give one's life for another. "May this be a very holy and fruitful season for all." Father Riedmueller s a i d the crosses were prepared under "close security" so that their presentation would create an impact. The pastor invited parishioners to join a "Whit- tler's Club," where the only qualifications were a desire to join, a knife and an ability to keep quiet. The youngest "whittler" was eight years old. Object of the project, Father Riedmueller said, was to bring each member of the parish a personal sense of the Lenten season "when we especially meditate on the Passion and Death of Christ." Father Anthony Back from Rome Father Anthony Morello, O.C.D., is back at the Marylake Novitiate of the Little Rock Carmelite Fathers here after four months in Rome where he was a member of a nine-man team rewriting the Constitutions of their order. Work on the Constitutions was completed before Christmas and the team thereafter turned its attention to the General Directory which, Father An- thony said, "intends to reduce the general principles of the Constitutions to practice by stylizing its values." He said that "the new mood of the Church which calls for collegiality and subsidiarity is clearly evident in the two new documents," but a long process of study and criticism lies ahead before they will be finalized. Two Carmelites from each province are to examine the fidelity of the new work to the spirit and norms of the general Chapter, and the European commissioners will return to Rome this Fall to review criticisms and prepare a second draft. The 1975 provincial chapters will pass judgment on the new codes, and.late next year, all the commissioners, including Father Anthony, will recon- venee to prepare a third draft. After that, the General Council in Rome will decide whether promulgating the documents would be opportune. If much division is indicated by provincial chapter responses, a special general chapter will be called. Mary and the child strange country. GREAT indeed, been the hardships, Joseph they were a After the return the city of Nazareth, pursued his humble as a carpenter needs of the family in way possible. He did even though he was that the child he the Son of God. The Gospel tells us "pondered in her things that were said child. Joseph, too, wondered about the workings of God. He corn but why should he -- resigned entirely to the' the power, and the God's Providence. GOD HAD entrusted the job of caring for of the Holy Family, meant to do best of his ability. the strength of we discover the serenity. Holy Scripture us little about St. these few sentences volume of meditation. his passing from this recorded in Holy Writ can rest assured Mary were last hours. It might be said of "he had done all thing s He had faithfully task assigned to him by' had done nothing nothing to attract the e world; there were "looked down" eyes of the world he "nobody," high place in the God. His secret: Doing things well. Picture St, attending Holy Mass, he never enjoyed the His deep faith sufficient without J i ROY RHEA, O Rhea Drug 0 HILLCREST - b, I 2801 Kavaaaugh 66 FREE DEBVIEIC ,J DAN'S SHOP RAY AND CLAR|I TROILLET J "The t b S I Phone 666-9731 2903 Kavanaug I Member Worth# Charge Servicl